Mauritania president receives Muslim World League secretary-general

Mauritanian President Mohammed Ould Abdel Aziz receives Muslim World League (MWL) Secretary-General Mohammed bin Abdul Karim Al-Issa. (SPA)
Updated 17 December 2017
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Mauritania president receives Muslim World League secretary-general

JEDDAH: Mauritanian President Mohammed Ould Abdel Aziz received Muslim World League (MWL) Secretary-General Mohammed bin Abdul Karim Al-Issa at the presidential palace in Nouakchott.
The president praised the MWL’s efforts to support moderation. Al-Issa thanked him for his support of the league’s efforts in Mauritania, and his patronage of an international conference in Nouakchott on moderation in the Prophet’s life.
Al-Issa was also received by Mauritania’s prime minister, Parliament speaker, and ministers of interior and culture. They discussed the MWL’s work.
Meanwhile, the Organization of Islamic Cooperation (OIC) is organizing a conference in Thailand on interreligious dialogue in South and Southeast Asia, UAE news agency WAM and the Saudi Press Agency (SPA) reported.
As many as 70 religious and civil society leaders, academics, policymakers and intellectuals from Thailand, Myanmar, Indonesia, Sri Lanka, Bangladesh, Singapore and Malaysia will take part in the Bangkok conference from Monday to Wednesday.
They will discuss means of fostering religious and cultural coexistence in the two regions, in order to promote better understanding and mutual respect among different peoples.
The conference is organized in collaboration with the King Abdullah bin Abdul Aziz International Center for Interfaith and Intercultural Dialogue (KAICIID) with support from the Religions for Peace/Inter-religious Council of Thailand, Mahidol University and Fatoni University.
The EU and the OIC’s General Secretariat held their second senior officials’ meeting (SOM) at the OIC headquarters on Thursday, the SPA reported. 
Both sides discussed a wide range of regional and international issues of mutual interest, and agreed to strengthen bilateral cooperation. 
The next round of the SOM will be held in Brussels in the first half of next year.


Major projects, investments worth over $685bn unveiled on Saudi National Day

A photo taken on July 5, 2018, shows Bader al-Ajmi, 38,(L) owner of "One Way Burger" serving customers from his truck at a main street in the capital Riyadh. (AFP)
Updated 22 September 2018
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Major projects, investments worth over $685bn unveiled on Saudi National Day

  • The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017

JEDDAH: A major economic boost in the form of 10 major projects and investments exceeding SR685 billion ($183 billion) were unveiled as celebrations of the 88th Saudi National Day got under way.
The Council of Saudi Chambers released a report focusing on great economic achievements in 2017.
These projects reflect the Kingdom’s vision under the wise leadership of King Salman and that of Crown Prince Mohammed bin Salman to provide a brighter future through diversifying sources of national income, tackling environmental challenges and increasing investment and prosperity.
The report summarized the most important events and economic developments in the Kingdom over the past year. These include the lifting of the ban on women driving in June, and the establishment of the General Authority for Cyber Security, in addition to the numerous royal decrees providing financial support to Saudis.
It also noted the important decisions related to the Saudi business sector. These include the launch of a private sector incentive program with a value of SR72 billion, the privatization of 10 government sectors and the establishment of the General Authority for Real Estate. The private sector is still showing a strong performance as an efficient partner in the inclusive development process and in the achievement of the Kingdom’s 2030 Vision, the report noted, as it contributes 39 percent to the Saudi gross domestic product (GDP).
The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017. There has been increased contribution to GDP from non-oil private sector streams.
The private sector also witnessed an increase in the number of workers, in its capital, in the number of shares on the Saudi market, in the cumulative number of establishments operating in the Kingdom, and in non-oil exports.
Continued growth of the private sector was attributed by the report to the Saudi government’s support. This support comes through initiatives such as the removal of obstacles to financial development, improvements to the working environment and policies adopted to boost investment.
It also reviewed the private sector’s efforts to support diversification of the economy and lower unemployment rates.
The importance of the measures taken to prioritize the employment of qualified Saudi workers over the employment of expatriates in the private sector were stressed, as well as the sector’s role in providing education and health services.